HELIO (Augsburg)

38,500 sm mixed use asset bought from insolvency

ASG acquired this mixed use asset in April 2014 from a closed end fund that went insolvent after over leveraging the asset. The building benefits from a prominent location in Augsburg at the main train station. Good visibility, optimal access to public transport, and a high potential for pedestrian traffic means that the asset will benefit from repositioning.

ASG’s asset management team will work with a local developer to modernize and reposition the asset for optimal use.

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